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Restructuring and Other Charges

6 Months Ended

Dec. 31, 2024

7. Restructuring and Other Charges

We endeavor to align our global capacity and infrastructure with demand by our customers as well as to fully integrate acquisitions and thereby improve operational efficiency.

During the three months ended December 31, 2024, we recognized $0.2 million in restructuring and other charges primarily for acquisition-related costs. During the six months ended December 31, 2024, we recognized $1.4 million in restructuring and other charges, which included $0.6 million in acquisition related costs, $0.2 million for facility closure costs for operational efficiency activities, and $0.6 million for employee terminations.

During the three months ended December 31, 2023, we recognized $1.0 million in restructuring and other charges, which included $0.2 million in acquisition related costs, $0.3 million in legal charges, $0.3 million for facility closure costs for operational efficiency improvements, and $0.2 million for employee terminations. During the six months ended December 31, 2023, we recognized $1.5 million in restructuring and other charges, which included $0.4 million in acquisition related costs, $0.4 million in legal charges, $0.3 million for facility closure costs for operational efficiency improvements, and $0.3 million for employee terminations.

The following tables summarize restructuring and other charges (benefits), net for the periods set forth below (in thousands):


	Three Months Ended December 31, 2023
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	26	$	190	$	—	$	—	$	216
Employee termination costs		137		42		—		10		189
Facility closures/consolidation		—		293		—		—		293
Legal costs, net		1		—		—		327		328
Total	$	164	$	525	$	—	$	337	$	1,026


	Three Months Ended December 31, 2024
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	19	$	—	$	—	$	215	$	234
Employee termination costs		(19)		14		—		—		(5)
Legal costs, net		—		(14)		—		—		(14)
Total	$	—	$	—	$	—	$	215	$	215


	Six Months Ended December 31, 2023
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	235	$	190	$	—	$	—	$	425
Employee termination costs		150		42		—		120		312
Facility closures/consolidation		—		344		—		—		344
Legal costs, net		51		—		—		360		411
Total	$	436	$	576	$	—	$	480	$	1,492


	Six Months Ended December 31, 2024
			Optoelectronics and
			Manufacturing		Healthcare
	Security Division		Division		Division		Corporate		Total
Acquisition-related costs	$	369	$	—	$	—	$	215	$	584
Employee termination costs		104		319		152		—		575
Facility closures/consolidation		6		242		—		—		248
Legal costs, net		—		(14)		—		—		(14)
Total	$	479	$	547	$	152	$	215	$	1,393

The accrued liability for restructuring and other charges is included in other accrued expenses and current liabilities in our condensed consolidated balance sheets. The changes in the accrued liability for restructuring and other charges for the six-month period ended December 31, 2024 were as follows (in thousands):


					Facility
	Acquisition-		Employee		Closure/		Legal
	Related		Termination		Consolidation		Costs and
	Costs		Costs		Cost		Settlements		Total
Balance as of June 30, 2024	$	496	$	294	$	227	$	808	$	1,825
Restructuring and other charges, net		584		575		248		(14)		1,393
Payments and adjustments, net		(1,007)		(775)		(389)		(365)		(2,536)
Balance as of December 31, 2024	$	73	$	94	$	86	$	429	$	682